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Bangalore-headquartered public sector lender Canara Bank is hopeful of maintaining the growth momentumoin the advances front in the fourth quarter of the present financial year. During the third quarter, the bank has witnessed a 29 per cent growth in credit to Rs 189,882 crore on the back of sound growth across portfolio. “We expect to […]

Bank lending and deposit rates have begun to move up in response to the 25-basis points hike in interest rates by the Reserve Bank of India. All eyes are now on SBI which holds the key to home loan rates. On Monday, three nationalized banks -Punjab National Bank, Allahabad Bank, and Punjab & Sind Bank-announced […]

Private and Public Banks are offering new and improved products to match the growing demand for loans in India. One opts for loans to meet their financial needs. Due to healthy competition prevalent in the market banks offer a wide variety so much so that it is possible to get a loan without pledging any […]

Credit card usage over phone will need an additional security layer from tomorrow, as the RBI has made it mandatory for customers to get a single-use password from their banks for every such transaction. Banks are required to comply with the new guidelines with effect from February 1, after which the customers would be declined […]

Infosys Technologies, India’s second largest information technology services firm, has discontinued some of its loan schemes for employees. In a filing to the US Securities and Exchange Commission (SEC), the company said except for personal loan and salary advances; it has discontinued all other loan schemes, including car, home, marriage, personal computer, telephone and educational […]